/KASE, March 30, 12, March 26, 12 news repetition/ - Today Kazakhstan Stock
Exchange (KASE) in accordance with its internal document "Methodology of
Securities Liquidity Indicators Defining" (Methodology) composed lists of
shares of the first, second and third classes of liquidity for April-May 2012
out of shares admitted to circulation at KASE. Those lists were approved by
March 26, 2012 decision of the Committee on Indices and Securities Valuation
and had been composed for the purpose of applying of regulations of KASE
internal documents "Regulations of Trades and the Confirmation System
Operation" and "Rules of Market-Makers Activities" to shares contained therein.
As was announced earlier, from January 23, 2012 changes # 2 to the
Methodology are put into effect, which in particular, define the procedure of
composing lists of securities of different liquidity classes (in the previous
edition of the Methodology, securities were split up not by liquidity classes, but
into lists of liquid and illiquid shares).
Below is the list of shares of the first class of liquidity, effective from April
1 to May 31, 2012 (securities' titles are indicated in the descending order of
their liquidity):
1. common shares KZ1C12280018 (KZ0009093241, KASE official list, first
category, KZTK) of Kazakhtelecom;
2. common shares KZ1C33870011 (KZ000A0LE0S4, KASE official list, first
category, HSBK) of Halyk Savings Bank of Kazakhstan;
3. preferred shares KZ1P12280114 (KZ0009094645, KASE official list, first
category, KZTKp) of Kazakhtelecom;
4. common shares KZ1C51460018 (KZ000A0KEZQ2, KASE official list, first
category, RDGZ) of KazMunaiGas Exploration Production;
5. preferred shares KZ1P51460114 (KZ000A0RMTC3, KASE official list, third
category, RDGZp) of KazMunaiGas Exploration Production;
6. common shares GB00B0HZPV38 (KASE official list, first category,
GB_KZMS) of KAZAKHMYS PLŠ”;
7. common shares KZ1C36280010 (KZ0007786572, KASE official list, second
category, CCBN) of Bank CenterCredit;
8. common shares KZ1C00400016 (KZ000A0JC858, KASE official list, first
category, KKGB) of Kazkommertsbank;
9. common shares KZ1C54620014 (KZ1C00000553, KASE official list, first
category, SATC) of SAT & Company;
10. preferred shares KZ1P43150112 (KZ1P00000467, KASE official list, second
category, ZERDp) of Mineral Resources of Central Asia;
11. common shares KZ1C34920013 (Unlisted Securities sector, BTAS) of BTA
Bank;
12. common shares GB00B29BCK10 (KASE official list, first category,
GB_ENRC) of EURASIAN NATURAL RESOURCES CORPORATION PLC;
13. common shares KZ1C24120012 (KZ1C00000165, KASE official list,
second category, BSUL) of Bayan Sulu.
The list of shares of the first class of liquidity composed for April-May 2012,
did not change compared with the list of liquid shares composed for February -
March 2012.
Trading in shares of the first class of liquidity (liquid shares as stated in the
previous edition of the Methodology) is held at KASE on working days - from
11:30 through 17:00 (Almaty time) by method of uninterrupted counter-directed
auction (whereas the so-called Frankfurt trading method is used) and are
switched to standby-mode in case of matching or crossing of bids and asks, if
the price of a proposed deal deviates from the last transaction price of such
shares by 10 %. For market-makers for the first liquidity class shares the
maximum values of spreads between the best mandatory quotations for
securities are set at 7 %.
Trading in shares of the second and third classes of liquidity is held at
KASE on working days - from 15:00 through 17:00 (Almaty time) by method of
uninterrupted counter-directed auction and are switched to standby-mode in
case of matching or crossing of bids and asks, if the price of a proposed deal
deviates from the last transaction price of such shares by 5 %. For market-
makers of illiquid shares of the second and third classes of liquidity the
maximum values of spreads between the best mandatory quotations for
securities are set at 10 %.
The lists of shares of the first, second and third classes of liquidity for
February - March 2012 are available on KASE website at
http://www.kase.kz/files/normative_base/likvid_2012_febr_march_eng.pdf
The lists of shares of the first, second and third classes of liquidity for April
- May 2012 are published on KASE website at
http://www.kase.kz/files/normative_base/likvid_2012_april_may_eng.pdf
Earlier there were related pieces of KASE news:
- KASE news dated January 13, 2012 "KASE introduces changes in
Methodology of Securities Liquidity Indicators Defining" -
http://www.kase.kz/en/news/show/1160499
- KASE news dated January 13, 2012 "FSC NBK approves amendments to
Methodology of Securities Valuation and Rules of Market Makers Activities"
-
http://www.kase.kz/en/news/show/1160500
- KASE news dated October 28, 2011 "KASE Board of Directors approved
changes to Methodology of Securities Valuation and Rules of Market
Makers Activities" -
http://www.kase.kz/en/news/show/1150710
Regulations of Trades and Confirmation System Operation are available at -
http://www.kase.kz/files/normative_base/reglament_trade_eng.pdf
Rules of Market-Makers Activities, edition effective from February 1, 2012, are
available at -
http://www.kase.kz/files/normative_base/m_maker_eng.pdf
Methodology of Securities Liquidity Indicator Defining are available at -
http://www.kase.kz/files/normative_base/metodika_liquid_eng.pdf
[2012-03-30]